The Economic Times

BRICS leaders push faster, cheaper cross-border payments, deeper use of local currencies

BRICS leaders are calling for faster and cheaper cross-border payments among member nations. They also support greater interoperability between national payment and messaging systems. The group encourages the BRICS Payment Task Force to continue its work on these initiatives. Iranian President Pezeshkian advocated for reduced dependence on dominant currencies. Measures were outlined to strengthen intra-BRICS trade and investment cooperation.